Totango Raises $15.5M in Series B Financing

The round was led by Canvas Venture Fund and InterWest Partners with participation from existing investors Pitango Venture Capital and Gemini Israel Ventures. In conjunction with the funding, Gary Little, managing director at the Canvas Venture Fund, and Doug Pepper, general partner at InterWest Partners, will join Totango’s board.

The company intends to use the funds to continue to expand operations.

Led by Guy Nirpaz, CEO and co-founder, Totango provides SaaS vendors and online subscription services with a platform to monitor customer behavior and usage in applications, and critical relationship data from CRM, billing, and other systems to generate insights on customer health and engagement.
It has over 100 paying customers, including Zendesk, Zoho, Jive, Optimizely, SendGrid, OpenDNS, and Keynote Systems.